Debt Consolidation Olathe KS

Repaying students loans may be difficult for a recent grad that is still looking for a job. It can also be stressful on any grads that are still struggling with payments. It’s important to take action and maintain contact with lenders. Ignoring student loans causes too much problems that are easily avoided. Here you will find advice on private student loan consolidation, debt forgiveness, debt counseling and debt relief. Please scroll down to learn more and get access to all the debt consolidators in Olathe, KS listed below.

FirsTrust Mortgage, Inc.
(913) 312-2000
4501 College Blvd., Ste. 250 A
Kansas City, MO
New Beginnings Mortgage
(816) 595-6220
9200 Ward Pkwy Ste 410
Kansas City, MO
Metropolitan Federal Credit Union
(816) 931-4164
4420 Madison Ave
Kansas City, MO
People'S Bank
(913) 837-5321
212 S Broadway St
Louisburg, KS
Landmark National Bank
(913) 837-2800
100 W Amity St
Louisburg, KS
Home Buyers Assistance Foundation Inc
(816) 942-8505
1152 W 103rd St
Kansas City, MO
Consumer Credit Counseling
(816) 753-0535
9300 Troost Ave
Kansas City, MO
Cleaner Credit Services
(816) 926-9266
1734 E 63rd St Suite 201
Kansas City, MO
Chase Home Finance
(913) 837-2054
106 W Amity St # G
Louisburg, KS
1St Option Bank
(913) 837-5935
103 S Broadway St
Louisburg, KS

Private Debt Consolidation and Debt Forgiveness

By Stuart Schultz

Pre-paying all your loans, consolidating through the government, and fleeing the country are not the only ways to deal with your debt. You can also ask your parents to handle it!

That's true, but it's not what this article is about. Instead, we want to talk about what you're options are if you are either A) dealing primarily with private debt, or B) unable to afford any sort of monthly payment scheme. For you, private loan consolidators or forgiveness programs may be the ticket to a life without debt.

As noted in our student debt consolidation article, it is possible to consolidate both government and private loans through commercial (e.g., non-federal) debt consolidators, but if you only have private loans than you are forced to go this route.

Private Debt Consolidators

Prior to the credit crunch, there were a ton of consolidators who dealt with private loans (as opposite to government-issued Stafford loans). In fact, many of them also offered to consolidate government loans as well. Sallie Mae and NelNet were amongst the best and most reputable, but even they have stopped their consolidation services until the credit environment improves. We aren't going to recommend any private consolidators here, but we can give you the know-how to find the best one for your situation. Needless to say, all of the information we've shared about consolidation through the government still applies, so you should review the basic of student debt consolidation before proceeding.

What should I look for in a private consolidator?

The first step towards finding a private consolidator is calling your lender (the organization that originally lent you the cash for college). You'd be surprised, but many of them may offer to consolidate your debt rather then have someone else do it. Problem solved. However, if they don't, you can always ask them for recommendations. Here are some red flags you should look out for when vetting a recommended consolidator:

  • Make sure that they can never resell your debt.
  • Only ask for fixed rate loans (unless you want to ride the market, but we don't think it's worth messing around with your debt).
  • There should never be an early repayment penalty.
  • Never give your Social Security Number until you've chosen a consolidator and are ready to consolidate. If you call a company and they won't provide you with information without getting your social, then something fishy is going on. On the flip side, don't be afraid to share how much debt you have, your interest rate, and the types of debt you carry as long as you don't give any personal information away; this information can help them determine your best options.
  • Finally, while it's not the most friendly service, be sure to check with the Better Business Bureau to see if there are any outstanding complaints against the consolidator you've found.

Ultimately, the reason why private consolidators are generally less favorable t...

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